40 years of notes from archives of entrepreneurial revolution 1-7 at the economist

...In 1984 after 10 years of research on Entrepreneurial Revolution and the coming of the of the internet's worldwide youth generation in The Economist, Norman Macrae published the 2024 Report. This mapped what to do so that the net generation could co-create 3 billion jobs- being most productive and collaborative . Why hasnt the following script happened yet? Firstly extremely anti-social media monopolies ; Secondly the West's worst ever time for anti-youth politicians and professions; Third a lack of urgency among old decision-makers and to date extreme under use of internet as smartest media ever to massively connect the empowerment of youth. This last crisis can be solved now if we converge on MOOCs.

contrast with Norman's last report 2008: ..If banks in rich democracies had been truly competitive institutions, then at least one of them somewhere would have seized the main opportunity created by the computer. This main opportunity was to make ll eposit banking vastly cheaper than before . This cheapening would make such banking hugely more profitable. Further competition would search out ways to guide all of the world's savings into the most desirable forms of capital investment enriching all of mankind. Instead during 2008, in rich democracies soared into trillions of dollars. Fearful for their solvency these banks virtually stopped lending ,,hedge and insurance firms also crashed.. mankind is thus threatened with the longest depression......

36 years, later in Norman's last article, he wrote in 2008:

please prevent the 2010s being an endless decade of youth unemployment by understanding that among many tragic errors compounded by banking and government is this

.If banks in rich democracies had been truly competitive institutions, then at least one of them somewhere would have seized the main opportunity created by the computer. This main opportunity was to make ll eposit banking vastly cheaper than before . This cheapening would make such banking hugely more profitable. Further competition would search out ways to guide all of the world's savings into the most desirable forms of capital investment enriching all of mankind. Instead during 2008, in rich democracies soared into trillions of dollars. Fearful for their solvency these banks virtually stopped lending ,,hedge and insurance firms also crashed.. mankind is thus threatened with the longest depression...

WHAT TO DO - LEARN WHAT THE CAUSE WAS: Western welfare governments and banking CEOS were not pleased by this lowering of costs and the changes it would have required of banking staff so :they ran their banks in high cost cartelsand merged everyday deposit banking with a very different sort of financing called merchant banking with huge bonuses for unbridled risk-taking.

What to do next ER2 MOOC (9 minute training modules om) financial literacy for everyoneER7 Restore banks with values - ie whose purpose is to sustain people's and communities productivity not to trap them in debt; Understand how cashless banking (generation 1 MPESA Kenya; generation 2 Bkash Bangladesh) becomes last chance to redesign 2 futures that matter most to sustainability of children ( vital reading on this Innovations MIT Issue 4 2011)

bank billions of unbanked people

end currency wars by top-down governments and other anti-youth economics chronicled in Hayek's Way to Serfdom

Nobel Laureate Dr M Yunus:We Create What We Want.We wanted to go to the moon, so we went there.We achieve what we want to achieve.We accept that poverty is part of human destiny. It’s not!We believe we can create a poverty-free world.We need to invent ways to change our perspective.We can reconfigure our world if we can reconfigure our mindsetSocial business will be a new kind of business, making a difference in the world.Human beings are a wonderful creation embodied with limitless human qualities and capabilities.Entrepreneurs are not one-dimensional human beings, dedicated to maximizing profit.They are multi-dimensional: political, emotional, social, spiritual, environmental.The desire to do great things for the world can be a powerful driving forceYoung people dream about creating a perfect world of their own.Social business will give them a challenge to make a difference by using their creative talent.Let us join hands to unleash our energy and creativity.Collectively, we can create a poverty-free world.”Source :nobelprize.org/..........

Dad (Norman Macrae) created the genre Entrepreneurial Revolution to debate how to make the net generation the most productive and collaborative . We had first participated in computer assisted learning experiments in 1972. Welcome to more than 40 years of linking pro-youth economics networks- debating can the internet be the smartest media our species has ever collaborated around?

1972: Norman Macrae starts up Entrepreneurial Revolution debates in The Economist. Will we the peoples be in time to change 20th C largest system designs and make 2010s worldwide youth's most productive time? or will we go global in a way that ends sustainability of ever more villages/communities? Drayton was inspired by this genre to coin social entrepreneur in 1978 ,,continue the futures debate here